Mobile telephone masts in Gabon

Accompanying Eltek to Africa

Export Credit Norway has made its first loan disbursement in support of one of Eltek’s export projects.

Export Credit Norway has made its first loan disbursement in support of one of Eltek’s export projects.

Eltek is currently delivering electricity supply systems for 350 mobile telephone masts in Gabon. The purchaser, Energy Vision Ltd., is an operator of electricity supply equipment for mobile base stations in the African country. Energy Vision’s customer is the Indian mobile telephone company AIRTEL (Airtel Gabon), the country’s leading operator with a market share of 60%.

Energy Vision’s aim is to become a leading provider of electricity supply solutions for telecommunication base stations in emerging markets, particularly in sub-Saharan Africa.

The loan is a so-called SMB B-loan, for which the exporter provides a supplier’s credit. Export Credit Norway’s loan totals USD 2,677,500, and is fully guaranteed by GIEK. Eltek’s share in the form of the supplier’s credit amounts to USD 297,500.

Contact us
Olav Einar Rygg
Olav Einar Rygg Head of Lending +47 995 85 074 +47 995 85 074
Ivar Slengesol
Ivar Slengesol Director Strategy and Business Development +47 991 14 110 +47 991 14 110